OxFORD Asset Management LLP lessened its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 67.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,759 shares of the specialty retailer’s stock after selling 109,700 shares during the quarter. OxFORD Asset Management LLP’s holdings in Lamb Weston were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in LW. Janus Henderson Group PLC grew its holdings in shares of Lamb Weston by 33,787.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock worth $117,856,000 after purchasing an additional 2,668,204 shares in the last quarter. Conatus Capital Management LP bought a new position in shares of Lamb Weston during the 2nd quarter worth approximately $41,925,000. Balyasny Asset Management LLC lifted its position in shares of Lamb Weston by 5,398.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 716,192 shares of the specialty retailer’s stock worth $31,541,000 after buying an additional 703,167 shares during the period. Harris Associates L P bought a new position in shares of Lamb Weston during the 2nd quarter worth approximately $30,823,000. Finally, Renaissance Technologies LLC lifted its position in shares of Lamb Weston by 596.0% during the 2nd quarter. Renaissance Technologies LLC now owns 569,300 shares of the specialty retailer’s stock worth $25,072,000 after buying an additional 487,500 shares during the period. 79.41% of the stock is currently owned by institutional investors.
LW has been the subject of several research analyst reports. Bank of America lifted their price objective on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Jefferies Group reiterated a “buy” rating and issued a $58.00 price objective (up previously from $53.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Finally, Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $50.63.
Shares of Lamb Weston Holdings Inc. (NYSE LW) traded up $0.68 on Tuesday, reaching $56.88. The company’s stock had a trading volume of 1,390,800 shares, compared to its average volume of 987,928. The company has a current ratio of 1.62, a quick ratio of 0.67 and a debt-to-equity ratio of -4.10. Lamb Weston Holdings Inc. has a 52-week low of $34.15 and a 52-week high of $57.20. The company has a market cap of $8,320.00 and a P/E ratio of 24.43.
Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. The company’s revenue was up 5.3% on a year-over-year basis. sell-side analysts forecast that Lamb Weston Holdings Inc. will post 2.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.32%. Lamb Weston’s payout ratio is currently 33.48%.
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About Lamb Weston
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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